GMS

What GMS does

GMS (Gypsum Management & Supply, Inc.) is a North American specialty building products distributor founded in 1971 and headquartered in Tucker, Georgia (corporate office at 115 Perimeter Center Place, Atlanta). The company operates a network of over 300 distribution centers and nearly 100 tool sales, rental, and service centers across 48 US states and 5 Canadian provinces, serving commercial contractors, residential contractors, national home builders, and renovation/remodel contractors. GMS's product portfolio centers on drywall (gypsum wallboard), steel studs and tracks, and acoustical ceilings, with complementary categories including roof and wall insulation, lumber, fiberglass reinforced panels (FRP), Exterior Insulation and Finishing Systems (EIFS), fasteners, hand and power tools, joint treatment, adhesives, access doors, and safety equipment sourced from leading manufacturers such as USG, Armstrong, CertainTeed, Georgia-Pacific, and Knauf. The platform is built on locally-managed subsidiary companies operating under retained brand identities, supported by a centralized customer portal with online ordering, real-time tracking, fleet management systems, and proprietary safety technologies including the patented Cable Viper and Driver Scorecard platform.

GMS's business model is transaction-based distribution: revenue is generated by selling specialty building products at per-unit pricing with project-specific quotes, delivered through company-owned flatbed, boom, and hot-shot trucks with stock-and-scatter capabilities that place materials directly on job sites rather than threshold drops. Pricing is quote-based with net 30 payment terms, 20% restocking fees on stock materials, and additional surcharges for difficult deliveries. Go-to-market relies on local field sales representatives at each subsidiary combined with a digital ordering platform. GMS pursues a roll-up strategy, having completed over 50 acquisitions since 2014 including AMES Taping Tools ($212.5M, 2022), Blair Building Materials and Engler Meier & Justus (2023), Yvon Building Supply (CAD$196.5M, 2024), and continuing post-Home-Depot acquisitions of Above Interior, Frontier Drywall, Peridot, Central Materials, and Brown Machinery through 2025-2026. On September 4, 2025, The Home Depot completed acquisition of GMS through its SRS Distribution subsidiary for approximately $5.5 billion enterprise value, making GMS an indirect wholly owned subsidiary and creating a combined 1,200+ location Pro distribution network generating tens of thousands of daily jobsite deliveries and contributing approximately $900M per quarter to Home Depot revenue.

Name

GMS

Legal name

Gypsum Management & Supply, Inc.

Website

http://www.gms.com

Company type

Private

Founded year

1971

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

GMS (Gypsum Management & Supply) is a North American specialty building products distributor operating 300+ distribution centers across the US and Canada. It serves commercial and residential contractors with drywall, steel framing, ceilings, insulation, and tools via local subsidiaries and direct jobsite delivery, now as a subsidiary of Home Depot.

Ownership category

akta.pro rank

Headquarters

HQ city

Tucker

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Building Materials Distribution: GMS generates revenue by distributing specialty building products including gypsum wallboard/drywall, steel studs and tracks, acoustical ceilings, insulation, EIFS, tools, fasteners, and complementary products to professional contractors through a network of over 300 distribution centers. Revenue is derived from product sales at per-unit/transaction pricing, with delivery services included or charged separately. The company stocks products from leading manufacturers and sources specialty items through vendor relationships.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

GMS (Gypsum Management & Supply) is a North American specialty building products distributor that sells drywall, steel studs and tracks, acoustical ceilings, insulation, EIFS, fasteners, tools, and complementary construction materials to professional contractors through over 300 locally-managed subsidiary distribution centers and nearly 100 tool sales, rental, and service centers across the United States and Canada. The company delivers products directly to job sites with stock-and-scatter services, supported by an online ordering platform, real-time order tracking, and an industry-leading safety program.

Product overview

GMS (Gypsum Management & Supply) is a building materials distribution company operating as a network of over 300 subsidiary companies across the United States and Canada. The company is organized as a platform of independent, locally-managed subsidiaries that offer construction products primarily to professional contractors, builders, and commercial construction firms. The core product portfolio centers on gypsum wallboard (drywall), steel studs and tracks, and acoustical ceiling products—the foundational materials for interior construction. Beyond these core offerings, GMS subsidiaries stock complementary products including insulation (roof and wall), lumber, fiberglass reinforced panels (FRP), Exterior Insulation and Finishing Systems (EIFS), fasteners, hand tools, power tools, joint treatment and finishes, caulking and adhesives, access doors, construction accessories, and safety equipment. The company also offers online retail shopping through its Pro2Go™ platform and operates dedicated tool sales and rental centers. Services include delivery with stock-and-scatter capabilities, customer portal for online ordering and order tracking, and specialized commercial and residential contractor support.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial and Residential Drywall

Quantifiable outcome

• Over 300 distribution center locations across the United States and Canada
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature9 records

Partnerships

Five partnerships are on record, tiered core.

• AMES Taping Tools Holding LLCcoreStrategic or Co-development Partner · 3 November 2021GMS acquired AMES Taping Tools Holding LLC for $212.5 million in cash in fiscal Q3 2022. AMES operates brands including TapeTech and All-Wall, serving the tools and fasteners market. AMES maintained its existing management and operations following the acquisition, now operating as a GMS subsidiary.
• SRS Distribution Inc.coreStrategic or Co-development PartnerGMS was acquired by SRS Distribution, a subsidiary of The Home Depot, for approximately $5.5 billion enterprise value. The transaction was completed on September 4, 2025. GMS now operates as an indirect wholly owned subsidiary of The Home Depot. The combination is expected to create cross-selling synergies and strengthen capabilities to serve professional contractors.
• Yvon Building SupplycoreStrategic or Co-development PartnerGMS agreed to acquire Yvon Building Supply and its affiliates for up to CAD$196.5 million in May 2024. The transaction, expected to close in July 2024, was intended to expand GMS's presence in Ontario, Canada, including drywall, insulation, and other building supplies. Yvon Insulation is also listed as a GMS subsidiary.
• The Home DepotcoreStrategic or Co-development PartnerHome Depot completed acquisition of GMS on September 4, 2025 for $5.5 billion enterprise value ($110 per share). GMS became an indirect wholly owned subsidiary of The Home Depot through SRS Distribution. Home Depot's Q1 fiscal 2026 earnings show GMS contributing approximately $900 million in quarterly sales. The acquisition extends Home Depot's Pro and specialty trade reach.
• Leading Building Products Manufacturers (USG, Armstrong, CertainTeed, Georgia-Pacific, etc.)coreTechnology or IntegrationGMS stocks building products from leading manufacturers including USG, Armstrong, CertainTeed, Georgia-Pacific, ClarkDietrich, Dryvit, James Hardie, Knauf, Makita, National Gypsum, Owens Corning, QuietRock, Simpson Strong-Tie, Sto, Studson, TapeTech, and many others. These vendor relationships enable GMS to source specialty products and pass through manufacturer warranties to customers.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Lowe's: Second-largest US home improvement retailer with a growing Pro segment. Competes with Home Depot/SRS/GMS for professional contractor wallet share through its MVPs Pro Rewards program, providing a partial but indirect competitive overlap in Pro building materials.
• Boise Cascade: Diversified building products manufacturer and distributor of engineered wood products, lumber, and specialty building materials. Operates a broader portfolio than GMS but serves overlapping professional contractor and homebuilder customers in adjacent categories.
• The Home Depot: World's largest home improvement retailer and GMS's parent company since September 2025. While predominantly a DIY-focused retailer, its growing Pro customer ecosystem overlaps with GMS's contractor base and now shares strategic direction with GMS under SRS.

Direct peers

• SRS Distribution: Specialty building products distributor focused on roofing, siding, and insulation that completed the acquisition of GMS in 2025 under Home Depot. Directly comparable business model, customer base, and yard-network strategy; now GMS's parent company and sister operation.
• Foundation Building Materials (FBM): Specialty distributor of building products including drywall, metal framing, insulation, and ceilings for commercial and residential contractors. Closely mirrors GMS's core product mix and contractor customer base across North America.
• US LBM: Large US specialty distributor of building materials including lumber, millwork, windows, and wall systems to professional builders and contractors. Comparable branch-network distribution model with overlapping residential and commercial contractor customer base.
• Lansing Building Products: Specialty distributor of exterior building products including siding, windows, and roofing. Operates a branch-based distribution model serving professional contractors in a manner comparable to GMS, with overlap in customer type and regional coverage.
• ABC Supply Co. The largest US wholesale distributor of roofing, siding, windows, and exterior building products, serving professional contractors with a similarly large branch network. ABC Supply is a direct peer to GMS in specialty building products distribution with overlapping contractor customer base and comparable field-sales-led GTM.
• Kodiak Building Partners: Acquisition-focused specialty building products distributor operating multiple regional subsidiaries in drywall, ceilings, steel, and complementary categories. Highly comparable to GMS's locally-managed subsidiary roll-up strategy in adjacent product lines.

Emerging players

• Weyerhaeuser: Timberland owner and major manufacturer/distributor of wood products including lumber, OSB, and engineered wood. Supplies many of the same building-product categories GMS distributes (lumber, structural products) to overlapping residential and commercial customers.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/gmscompanies
• LinkedInlinkedin.com/company/gypsum-management-and-supply
• Xx.com/GMSCompanies

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A15 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about GMS